Compensation & Rewards Lead

Randstad India Private Limited; Mumbai; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

Randstad India Private Limited seeks an experienced Comp & Rewards Lead to design, manage, and optimize our Total Rewards philosophy across clinical, technical, and corporate talent in India. The role emphasizes outcome-based incentive structures tied to quality of care and patient experience.

Partner with HR Head and clinical leadership to ensure market competitiveness, governance, and strong data analytics that drive informed decisions and sustainable rewards programs.

Qualifications

• 10+ years of Compensation & Benefits/Total Rewards/Performance Management experience.
• Healthcare/Diagnostics/Health-Tech sector preferred.
• MBA or Master’s degree in HR/Finance required.
• Advanced proficiency in financial modeling and HRIS.

Responsibilities

• Design and implement Total Rewards framework aligned with values and goals.
• Manage end-to-end compensation structures across clinical, non-clinical, and corporate roles.
• Develop outcome-driven incentive plans focused on quality of care and patient experience.
• Create and administer employee benefits, wellness programs, and HR policies.
• Lead annual appraisal cycle including merit increases, bonuses, and budgeting.

Skills

Financial modeling

MS Excel

HRIS platforms

Stakeholder management

Communication skills

Education

Master’s degree or MBA in HR/Finance

Tools

HRIS systems

Job description

Industry: Healthcare / Health-Tech / Diagnostics

About the Role

We are looking for an experienced Comp & Rewards Lead to design, manage, and optimize our Total Rewards philosophy. In this position, you will play a critical role in attracting and retaining top clinical, technical, and corporate talent across the organization.

A unique and impactful aspect of this role involves designing outcome-based incentive structures: our physicians and clinical staff are evaluated on the quality of care and patient experience, rather than traditional revenue-linked targets.

Key Responsibilities

• Total Rewards Strategy: Design and implement a comprehensive Total Rewards framework aligned with core organizational values, business goals, and the competitive healthcare landscape.
• Compensation & Salary Structuring: Manage end-to-end compensation structures, ensuring internal equity and external market competitiveness across clinical, non-clinical, and corporate roles.
• Quality-Driven Incentive Design: Partner with the HR Head and clinical leadership to build unique, outcome-driven performance incentive plans that reward quality of care over clinical volume.
• Benefits & Policy Design: Develop and administer employee benefits, wellness programs, and HR policies that promote work-life balance and overall employee well-being.
• Healthcare Benchmarking: Conduct regular industry benchmarking and salary surveys specific to healthcare, diagnostics, and health-tech sectors to keep pay ranges highly competitive.
• Annual Appraisal Management: Lead the annual compensation review cycle, including merit increases, bonus payouts, and budget forecasting.
• Data Analytics & Insights: Leverage HR metrics and financial data analytics to evaluate compensation program effectiveness and present actionable insights to senior leadership.
• Compliance & Governance: Ensure all compensation and benefits policies adhere fully to statutory labor laws and regulations in India.

Qualifications & Requirements

• Experience: Minimum 10 years of dedicated experience in Compensation & Benefits, Total Rewards, or Performance Management.
• Industry Focus: Prior experience in Healthcare, Hospitals, Diagnostics, or Health-Tech is highly preferred.
• Education: Master’s degree or MBA in Human Resources, Finance, or a related field.
• Technical & Analytical Expertise: Advanced proficiency in financial modeling, MS Excel, and HRIS platforms to manage complex datasets and compensation structures.
• Stakeholder Management: Exceptional communication skills with a proven track record of clearly articulating complex compensation concepts to senior leadership and employees.